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Thursday 14 May 2020

Finance Minister announces Rs 3.10 lakh crore package for farmers, overseas laborers, real estate


8 crore overseas laborers will be given 5 kg of wheat or rice and 1 kg of chickpeas free of cost in two months.

 Provincial workers will get jobs in MGNREGA, up to 50 per cent increase in registration

 Cheap loans to 3 crore farmers, credit cards to 25 lakh new farmers: Finance Minister

 Overseas, poor and needy Our priority: Sitharaman

Finance Minister Nirmala Sitharaman today announced the second phase of the breakup of the Rs 20 lakh crore relief package.  Sitharaman today announced a Rs 3.10 lakh crore package for farmers, overseas laborers and real estate.  The One Nation-One Ration Card scheme was also announced today to make it easier for foreign workers to get rations in any state. In the first phase, many advertisements were made for small businesses, real estate, organized sector workers and others.

Farmer

 63 lakh agricultural loans were given in March-April.  It was 86 thousand 600 crores.  This benefited the farmers.  The central government has increased financial assistance to the states for the purchase of crops by Rs 6,700 crore.  Rs 4200 crore has been provided for infrastructure development in rural areas.


 The interest subvention scheme for small farmers has been extended till May 31.

 An additional fund of Rs 30,000 crore for small farmers will be released immediately by NABARD.  So that the sowing of rabi crop can be expedited.  It will benefit 3 crore farmers.

 2.5 crore farmers do not have Kisan credit card.  The scope of Kisan Credit Card Scheme will be expanded.  It will also include fisheries and animal husbandry.  They will be given a loan of Rs 2 lakh crore at a cheaper rate.

 According to sources, the finance minister's focus on Thursday may be on giving cash and free food.  Advertisements for the poor were made by the government in late March at the start of the lockdown.  This will be an expanded version of it.  At the beginning of the lockdown, the government had announced to provide 5 kg more wheat-rice and 1 kg dal to 80 crore needy people for three months under Pradhan Mantri Anna Yojana.

 The next focus on the rural economy

 A senior government official involved in the discussion on Prime Minister Narendra Modi's Rs 20 lakh crore self-sufficient India package on Tuesday said the announcements about MSMEs have been completed.  Now the government's next focus will be on the poor and rural economy.  Later some measures may be taken for the middle class and for other sectors.

 Many sectors are badly affected by covid

The sectors most affected by Kovid-19 include hospitality, tourism, aviation, logistics, e-commerce and automobiles.

The next focus on the rural economy

 A senior government official involved in the discussion on Prime Minister Narendra Modi's Rs 20 lakh crore self-sufficient India package on Tuesday said the announcements about MSMEs have been completed.  Now the government's next focus will be on the poor and rural economy.  Later some measures may be taken for the middle class and for other sectors.

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 Many sectors are badly affected by covid

 "One by one, we will cover every sector and stakeholders," said another official.  The sectors most affected by Kovid-19 include hospitality, tourism, aviation, logistics, e-commerce and automobiles.